Hyundai Names Self-Driving Joint Venture

Hyundai said Wednesday that it has given the name Motional to a joint venture with American autonomous technology company Aptiv. The two inked the deal in March last year with US$2 billion of capital from each company.

Aptiv in turn is an offshoot of global auto parts supplier Delphi. Aptiv has racked up more than 100,000 accident-free rides in Las Vegas in self-driving cars since 2018.

Motional will work on fully-automated driving technologies and hopes to sell them to robotaxi companies and fleet operators by 2022.

The Boston-based venture opened its office in Seoul in May, which will conduct automated driving tests in Korea.